Achieving ISAE 3402 Type II Compliance Audit
Orisoft is pleased to announce that it has completed an independent examination complying with International Standard on Assurance Engagements (ISAE) 3402 Type II audit. The audit involved a thorough independent examination of Orisoft’s internal controls and processes by Deloitte, a leading global auditing specialist.
The audit report demonstrates the reliability, security and operational excellence of the payroll services performed by Orisoft.
What is ISAE 3402?
ISAE 3402, reports on the controls within a service organisation. The International Auditing and Assurance Standards Board (IAASB), a branch of the International Federation of Accountants (IFAC), defined the audit standard. ISAE 3402 was developed to provide an international assurance standard to allow certified public accountants to issue a report about the controls within a service organisation that are likely to impact, or be part of their clients system of internal control over financial reporting. The service organisations clients and their auditors can use the independent report to analyse the service organisations ability to perform, against an international standard.
ISAE 3402 was issued by the International Auditing and Assurance Standards Board (IAASB) in 2010 to succeed the Statement on Auditing Standards No. 70 (SAS70).